Greece Jobless Rate Lowest Since January 2012


The Greek seasonally adjusted unemployment rate fell again to 21.7 percent in April from a downwardly revised 22 percent in the previous month and compared with 23.6 percent in April 2016. The jobless rate declined by the fourth straight month to the lowest since January of 2012, as the number of unemployed decreased 1.2 percent from the previous month to 1 million and employment rose 0.6 percent to 3.7 million. Still, Greek unemployment rate is more than double the Eurozone's average of 9.3 percent.

Compared with the previous month, the number of unemployed decreased by 12927 persons or 1.2 percent to 1.04 million and the number of employed rose by 23943 persons or 0.6 percent to 3.7 million. In addition, the number of inactive persons went down 0.4 percent to 3.23 million.

A year earlier, the unemployment rate was recorded at 23.6 percent. The number of unemployed persons fell by 8.2 percent while employment rose 2.2 percent. The number of inactive persons declined by 0.7 percent compared with April of 2016.

Unemployment continued to affect mostly people aged 15 to 24, as 45.5 percent of young active population was unemployed, a decrease of 4.4 percentage points from the same month in the previous year. Also, all age groups recorded a lower jobless rate when compared to a year earlier.

By genders, the unemployment rate for males fell by 1.6 percentage points to 18.2 percent in April and for females dropped by 2.1 percentage points to 26.2 percent.

Among regions, the highest unemployment rates were oserved for Epirus-Western Macedonia (27.8 percent), followed by Macedonia-Thrace (22.3 percent), Attica (21.9 percent), Peloponnese, Western Greece and Ionian Islands (21.8 percent), Thessaly-Sterea Ellas (21.6 percent); while Crete recorded the lowest rate (17.3 percent).

ELSTAT |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
7/6/2017 9:49:49 AM